ADP Nonfarm Payroll Numbers take focus

The ADP Nonfarm Payroll Numbers take focus during the session on Wednesday, as they offer a general sign of where the Nonfarm Payroll Numbers make come out on Friday. With this, we expect a lot of volatility during the session but quite frankly recognize that the later we get in the week, the less likely we are to see a permanent move.

WTI Crude Oil Markets rally

One of the things that you need to pay attention to during the session will be the Crude Oil Inventories number coming out of America. This of course will have a direct effect on this market. We did bounce during the session on Tuesday, but we think there is more than enough resistance above to continue to pushes market lower. Any type of rally on short-term charts that show signs of exhaustion will be put buying opportunities for us. We think that $48 will be too much for the market to overcome.

CAC finds support

The Parisian index initially fell during the course of the session on Tuesday, but found enough support to turn things back around to form a hammer. Because of this, we feel that the market should continue to go higher, and a break above the top of the range for the session on Tuesday, we feel that the market should then go to the €5200 level.

Silver markets find support, yet again

Silver markets fell again during the session on Tuesday, but found support at the $14.50 level to bounce yet again. With this, we feel that the market continues to bounce between the $14.50 level on the bottom, and the $15.00 level on the top.